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Hospitality

The Apeejay Surrendra Group, which owns The Park Hotels, is planning to double its inventory to 4,000 keys over the next half a decade, banking primarily on an asset-light model.  In addition, it will straddle the super-premium segment with niche offerings that include management of heritage properties and making them commercially viable as it is doing […]

Hospitality firm OYO is looking to add up to 500 Townhouse hotels across India during 2019 as part of its expansion plan. In all, the company has 68 Townhouse hotels in Delhi, Hyderabad, Bengaluru, Kolkata, Mumbai, Noida, Ghaziabad, Jaipur and Pune.  https://www.business-standard.com/article/companies/oyo-to-add-up-to-500-townhouse-hotels-from-current-68-across-india-in-2019-119010600181_1.html

Blackstone Group has received the approval of the lenders to bankrupt Golden Jubilee Hotels to acquire the Hyderabad-based hotel firm that had shot into limelight after hosting Ivanka Trump last year. This is the first deal where international institutional capital will be coming in for the financial resolution of any company under the Insolvency and […]

American casual dining chain TGI Fridays’ India joint venture partner Bistro Hospitality will dilute stake and raise private equity funding to finance expansion for the first time since it set up the brand in India more than two decades ago, joining the league of restaurant chains that have been attracting external funding on the back […]

FabHotels, which operates primarily through franchising arrangements, plans to double its inventory to 20,000 rooms by the end of next year. FabHotels competes with OYO—which has been ramping up its portfolio aggressively and currently claims to have over 5500 leased and franchised hotels and over 143,000 rooms in India and Treebo Hotels. There is ample […]

Global hospitality firm Hilton has signed a management agreement with Kalyani Hospitality to develop a DoubleTree by Hilton, its upscale brand, in Bengaluru. The hotel, currently under construction, will have 183 rooms and suites. The partnership with Kalyani Group reinforces our promise to expand our portfolio in India and offer Hilton guests more opportunities to […]

Oyo Hotels, the five-year-old startup for booking hotel rooms, is aiming to become the world’s largest hotel chain by 2023 as it expands into newer countries in the Middle East, South East Asia and Europe, its founder Ritesh Agarwal said. Oyo, which began with one hotel in Gurgaon in 2013, has grown to over 330,000 […]

Travel company Cox & Kings has introduced special culinary tours for India called Tour to Feast crafted by culinary experts. The company said the tours have been launched to introduce travelers to unique journeys across India’s most popular culinary destinations, with a slice of history. Cox & Kings said the tours will take travellers through […]

The UAE-based Rainbow Hospitality group is planning to spread its operations in Kerala. The group which runs several restaurants in Dubai and Sharjah and has strong presence in the food catering business has begun services in the state starting from Kochi. They have set up a Rs 6 crore centralised kitchen at Njarrakal in Kochi […]

Dineout, India’s largest dining out platform, announced the acquisition of Pune-based Torqus, a leading SaaS-based restaurant management software provider, further strengthening its position as a fullstack technology service provider in the online restaurant-booking space. The acquisition of Torqus will further enhance Dineout’s bouquet of services to the restaurant industry. The company along with inResto, a […]